1600 Baxley Street

    Carrollton, TX 75006
    • $2,400,000
    • STATUS: Active
    • ON SITE: 321 days
    • MLS #: 13833411
    UPDATED: 94 min ago
    $2,400,000
    • 0
      BEDS
    • 2.83
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Offered by Logan Waller of Waller Group Llc.

    Description

    This 12 home portfolio presents a unique opportunity to purchase a strong cash flow in a great market, near downtown Carrollton. The portfolio has tremendous walkability, just 0.7 miles to a Dart station, and even less to Downtown Carrollton. DFW has seen tremendous rent growth in the past 5 years and this portfolio falls into that trend. The Baxley Portfolio has been in high demand despite the Owner increasing rents. However, the rents are still below market levels and new Ownership could come in with a value-add strategy on a professional management play; the current Owner self-manages. The site is also located in a Neighborhood Empowerment Zone with strong development incentives.

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    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Hodnett | Keller Williams Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Team Hodnett | Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-03-19T23:40:52.83.
    www.teamhodnett.com/homes/83169444

    1600 Baxley Street Carrollton, TX 75006

    • Price: $2,400,000
    • Status: Active
    • Updated: 94 min ago
    • MLS #: 13833411
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.83
    Acres
    1952
    Built
    Neighborhood:
    Baxley Sfr
    County:
    Dallas
    Area:
    Carrollton/Farmers Branch
    Elementary School:
    Carrollton
    Middle School:
    Perry
    High School:
    Turner
    School District:
    Carrollton-Farmers Branch ISD
    Property Description
    This 12 home portfolio presents a unique opportunity to purchase a strong cash flow in a great market, near downtown Carrollton. The portfolio has tremendous walkability, just 0.7 miles to a Dart station, and even less to Downtown Carrollton. DFW has seen tremendous rent growth in the past 5 years and this portfolio falls into that trend. The Baxley Portfolio has been in high demand despite the Owner increasing rents. However, the rents are still below market levels and new Ownership could come in with a value-add strategy on a professional management play; the current Owner self-manages. The site is also located in a Neighborhood Empowerment Zone with strong development incentives.
    Exterior Features

    Construction Frame/Brick TrimSidingWood Foundation Pier & Beam Parking Or Garage AttachedDetachedFrontGarageIndividual Carport Parking Spaces 24 Pool On Property No Roof Composition

    Interior Features

    Energy Efficiency Ceiling Fans Handicap YN No Heating Central Air-ElecCentral Heat-ElecOtherWindow Unit Interior Features Other Kitchen Equipment Other Sq Ft Building 10440

    Property Features

    Building Area Source Owner Buildings 12 Complex Name Baxley Sfr Construction Status Preowned Gross Annual Expenses 58081 Gross Annual Income 206304 HOA None Insurance Expense 5400 Municipal Utility District No Net Annual Income 148223 Possession Closing/Funding Property Type Mul-Multiple Single Units Unexempt Taxes 4197 Unit Count 0 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Hodnett | Keller Williams Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Team Hodnett | Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-03-19T23:40:52.83.
     
    Team Hodnett | Keller Williams Realty
    2106 E State Highway 114, Suite 101
    Southlake TX, 76092
    Offered by Logan Waller of Waller Group Llc.